Cape Verde recorded a remarkably strong GDP growth of 7.3% in 2024, driven mainly by tourism and a moderate recovery in agriculture. For 2025, the World Bank projects a slight slowdown to 5.9%, which still represents solid and sustainable growth, reaffirming confidence in the country’s economic direction.
Key positive indicators
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Inflation dropped to 1%, the lowest in recent years.
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The current account registered a surplus for the first time since 2020.
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Poverty rate declined to 14.4%, with projections showing a further drop to 11.2% by 2027.
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Public finance management is improving, and public debt is decreasing.
This combination of macroeconomic stability and social progress creates favourable conditions not only for investments but also for a high quality of life – naturally attracting growing interest from investors and people considering seasonal or long-term stays.
New momentum for investors and residents
Low-cost airlines are entering the Cape Verdean market, increasing the country’s accessibility and supporting tourism, business and real estate.
Foreign exchange reserves remain strong, and inflation is expected to align with eurozone levels.
The World Bank report also highlights untapped long-term growth potential through greater economic participation of women. Removing gender-based barriers could boost Cape Verde’s GDP by up to 12.2% in the long run.
What not to overlook?
Despite a changing global environment, Cape Verde maintains a stable growth trajectory. Known challenges such as dependency on tourism or import reliance are being addressed. Political cycles or global market shifts may affect reform speed, but the economy remains well-managed and resilient.
The year 2025 offers a unique opportunity to build on recent achievements – with confidence, stability and openness to new opportunities.
Source:
World Bank
